Vietinbank lowers lending interest rate

The Vietnam Bank for Industry and Trade (Vietinbank) officially lowered its lending interest rate in Vietnamese dong and US dollar last week.

Its annual lending interest for Vietnamese dong loans was cut by 0.5 percent to 20.5 percent, and for US dollar loans by 2 percentage points to 8.5 percent. However, the rates were only offered to traditional priority clients in key Government projects, processing and supplying agro-forestry and seafood products, manufacturing essential goods, importing petrol or gas, medicine and materials for production.

VNA

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